Independent corn ethanol producer Green Plains Renewable Energy announced its first cash dividend yesterday, with a forward yield of 0.98%. This new dividend reflects both the company's strength relative to its peers as well as reduced opportunities for growth in the industry. Its strong balance sheet and the continued existence of the revised Renewable Fuel Standard moving forward will help ensure the sustainability of the dividend.
"We are pleased to announce the first cash dividend to our shareholders in the Company's history," stated Todd Becker, President and Chief Executive Officer. "With four consecutive years
Only subscribers can access this article, which is part of the PRO research library covering 3,589 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: